The Board of Directors of NeuroDerm Ltd. (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors has established a number of committees whose activities are governed by charters. In addition, the Board of Directors has adopted a Corporate Code of Ethics and Conduct. These charters, as well as the code, are subject to modification from time to time as the Board of Directors deems appropriate and in the best interests of the Company or as required by applicable laws and regulations.